Money News

Moneynet.co.uk says couple living together can save more

Wed 14th Apr 2010

A couple that lives together can potentially save more money than one that lives apart, a finance expert from Moneynet.co.uk has asserted.

Andrew Hagger, a spokesperson for the site, stressed that the living arrangement has to suit both people in the relationship, but if they are happy being resident in the same house then it is a smart move.

"It certainly makes sense just to live together and then reduce your expenditure. That allows you to put that money into savings and then build up your deposit to buy your house sooner," he explained.

Mr Hagger pointed out that the home needs to be big enough for two people to comfortably live in and also be within a reasonable distance from each person's workplace.

In his view, people are likely to make savings on utility bills, as well as on rent.

He made his remarks following the news that 41 per cent of adults do not want to start a family before they can buy a house, according to a YouGov survey.